Endblast Productions showed the following selected asset balances on December 31, 2020 Land Building Accumulated depreciation, building Equipment Accumulated depreciation, equipment2 5404,800 534,400 396,800 175,200 75,000 Remaining estimated useful life is eight years with a residual value of $40,000, depreciated using the straight-line method to thes nearest whole month. 2Total estimated useful life is 10 years with a residual value of $16,000; depreciated using the double-declining-balance method m nearest whole month. Required: Prepare the entries for each of the following. (Round Intermediate calculations to the nearest whole dollar.) 1. The land and building were sold on September 27, 2021, for $545,000 cash. Journal entry worksheet 1 2 Record building depreciation for 2021. Note: Enter Gebits before credits Date Sept. 27, 2021 General Journal Debit Credit Record entry Clear entry View general journal